Profile picture for Buu Tai

I am the first time home buyer ...please help me to find a good agent.

Is there any program to help the first time home buyer?
And I need a good agent also.  Thanks.
  • June 04 2011 - Sunnyvale
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Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (12)

Profile picture for Dunes....
Lads=Leads...Fish for LEADS not Lads lol
  • June 05 2011
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Profile picture for Dunes....
Zillow Agent "Reviews"

Pushed by Zillow to Agents as a Solicit as many  5 Star Reviews/Endorsements as possible so people will figure youse berry berry good Agent..Bait used to Fish for Lads

Zillow apparently is very Fortunate to have so many berry berry good Agents..
The "Reviews"  are nothing but a FREE Supposed  "Lead" Generator Tool for Agents provided by Zillow..Games just Games
Any Member of the Public who pays Zillow "Reviews" one minute of attention has just wasted one minute IMHO
Agents will "Offer" to help you find another Agent...This is because Many of them if not all pay each other for  "Referrals "

"Referral Fees from One Brokerage to Another and Agent Split"


"Referrals come "off the top" before commission is split. The referral is a negotiated percentage paid to another company for sending a client, either as a seller or a buyer. Here's an example of a typical buyer referral:

1. Brokerage A has a client selling their home and leaving the area. They refer the buyer client to Brokerage B in another state with a written referral agreement at a certain percentage of the final commission earned by Brokerage B.

2. Using the $12,000 gross commission from above, and an agreed referral fee of 25% would give Brokerage A $3000 for the referral, and Brokerage B's agent and broker would split the remaining $9000.

3. Using the 50/50 split from the first example would yield $4500 for the agent in Brokerage B."..Link

(Might wish to consider that when they are telling you they don't discount/rebate Commissions..they can pay 25+% for referrals but Discount/Rebate the Commission to You????........... How dare you ask!)

  • June 05 2011
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Profile picture for sunnyview
I'm sorry to disagree, but the number of hours that an agent works does not guarantee you a knowledgeable, honest or professional agent. If it did, every full time agent would be a good choice. That is simply not the case.

Buyers need to focus on finding an agent that will listen, be honest enough to say they don't know about an issue and will support them with good information so you can make the best decision when you buy. There are lots of good agents, but finding the right one for you takes some legwork on your part. Don't settle for just an ok agent, get a great one.
  • June 05 2011
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Profile picture for AmandaWiley82

Read past reviews...    That is very important.   Also, make sure that you have a FULL time agent who does a good bit of business in the city where you are looking for a new home.  

Good luck in your new home search!

  • June 05 2011
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Buu Tai,

If there was a way to insure getting a good Realtor, then a large percentage of the industry would be unemployed and the Obama's unemployment numbers would be 10%.  All I can offer, considering most Realtors had to use one before becoming one, is you can never ask too many questions.  Real estate transactions can be very the largest financial decision you will ever make (after your spouse).  Get as much information as you can.  I would spend the same time choosing an agent as I do looking for a home.  Good Luck!

Capt. Shawn
  • June 05 2011
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Hello Buu Tai

Dunes gave you some very useful links - do read up on this, and make sure you are familiar with the process.
Being an educated consumer is your best starting point!

Then........interview several agents. Ask some questions about their experience and familiarity with the area..........select the agent you feel most comfortable with.
Look for someone who will take the time to explain everything step by step.

Then............How to find those agents to interview?

Ask some friends from work for recommendations...........or....... stop by some local offices, and ask to speak to the manager. Ask the manager to suggest a agent they feel will be suited to your needs.
You can also meet agents by visiting open houses.

You can always preview agents online via their websites...........and even search for names here, as well.....there are many ways in which to meet agents....just make sure you interview them, and  have a comfort level before agreeing to work with anyone..

And, for the recrd...........of course Brian would be happy to refer someone ( a stranger) to you (  I doubt he knows anyone personally in Sunnyvale, CA) - ..he would most likely expect a 25% referral fee for doing so.

Best wishes!!
  • June 04 2011
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Profile picture for wetdawgs
Buu Tai: Please be aware that if you contact an agent for a referral, the agent providing the name will request a significant percentage from the agent who helps you as a referral fee.
  • June 04 2011
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Thank you for your question "Buu Tai".  I recommend searching for a local, full time, professional Realtor on Zillow and read over their past client reviews.  If this is not yielding the results you would like, feel free to contact me.  I have no problem researching, & referring a quality Realtor to you and explaining why I like them.

Good luck, hope this helps.
  • June 04 2011
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Profile picture for Dunes....
In my opinion you need to become aware of your options and formulate some type of plan first..before running off haphazardly to any old Lender or RE Agent...

This is a MAJOR Decision and Financial Obligation with many possible life affecting impacts..good and bad

I would suggest you give this Fed. Gov. Site a look, it has all the Current Fed Housing Loans (FHA/Vet/USDA ect.) and you search for specific information, compare options, or take a short questionnaire to determine your eligibility for each program.....Fed Loans..Housing

I would suggest you read the 9 Steps to Homebuying on the Hud site as they are an excellent guide & Resource plus links to your Local Homebuyer Programs....
(Step 3 is interview lenders..Step 5 is interview RE Agents)..
Buying a Home

Check out all this information from the Dept. of Justice Web Site...
Competing Models of Real Estate Brokerage

Consumers Can Save Thousands of Dollars in Commissions

Competition and Real Estate... Real Estate Laws in Your State

Rebates Make Buying a Home Less Expensive

Rebate Calculator

You could also make use of the Fed Gov and Banks Sites they have created to allow the Public to view their Properties for Sale/Foreclosure/REO..Get a feel for Prices and different Options

Sites like...HUD Homes...Fannie Mae
You can find the links to all the Gov sites here...Link

Bank sites like....Bank of America...Wells Fargo
You can find links to Bank sites here...Link

For finding Public Records, Property Records, Tax Sales posted ect. you may find this Public Records Search Engine helpful...Check it out
Free Public Records Search Directory

You have options .. become familiar with them..Protect yourself
  • June 04 2011
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buu Tai:

the two agents below me here have immediately violated zillow's good neighbor policy by begging for your business, and writing contact info in their posts. You certainly don't want an agent that can't even follow the rules and policies of a website they use, do you? 

Ask your local friends to reccommend someone to you, and interview any prospective agents to make sure they know the area you are looking in very well, and have the experience to help you achieve your goals. 
  • June 04 2011
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Dear Buu & other first time home buyers,

One of the best places to start your search for an agent is by talking to friends, family, and co-workers who have recently bought or sold a home.  Ask them about their experiences before, during, and after the transaction.  Did the agent educate them on the process, and at intersections along the way?  How has the follow-up communication been after the sale? 
Never be afraid to ask if they would recommend the agent, or plan on using them for their next purchase/sale.
Once you're interviewing buyer's agents feel free to ask for copies of client testimonials, or phone numbers of some of their recent clients (even if you don't plan on contacting them, it's good to see how the agent responds to your request).  
Lastly, make sure you're comfortable with the person you're working with.  After all, he/she should be an extension of you, and continuously fight for your best interests. 
Best of luck to you on your first purchase. 
[edited by Zillow moderator to remove contact information and solicitation as per Good Neighbor Policy]

  • June 04 2011
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Hi Buu,
There are many programs to assist first time home buyers. It really depends which city you are in, as many cities have their own programs.
Regarding the need to find a good agent, once again it depends on which city you're wanting to buy your first home in. I'd be happy to help you locally, or to refer you to a good agent who specializes in first time home buyers.
Best wishes,
Aileen La Bouff
[edited by Zillow moderator to remove contact information as per Good Neighbor Policy]
  • June 04 2011
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